Game Developer Supercell Acquired By Tencent

Game Developer Supercell Acquired By Tencent

Tencent paid $8.6 billion for a 84% stake in Supercell

Supercell, the builders of the highly popular app Clash Of Clans, has been acquired by Tencent. Paying 8.6 billion US dollars to buy an 84% stake in Supercell, Tencent can now add the studio to its already impressive roster of games developers which includes Activision Blizzard and Epic Games. Described as the world's worst kept secret by Supercell founder, Ilkka Paananen, the company has decided to sell the majority stake to Tencent in order to finance what he called a transformation strategy. It was also announced that all current employees of Supercell will remain an equity holder and the headquarters will remain in Helsinki, whilst the deal will not force Supercell into an IPO which it was claimed suited the company's culture.